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Market Overview

Pecans

– A recent report suggests that the new crops in the U.S. and Mexico should both (weather permitting over the imminent hurricane season) be just over 300m lbs each and with an uncommitted 20-25m lbs in cold store and strong carry over, prospects for a bumper supply into 2019 prevail.

– Another very hot Greek summer and heavy rains forecast short term, make it highly likely that new crop will be of a similar size to this last crop and as such, prospects for any major price reductions appear slim.

– It is hard to get exact numbers on Turkish apricots but in broad terms, the 2017-18 crop was somewhere between 130-150,000mts and having produced such a strong production, it is no surprise to report that we hear new crop will be closer to 100,000mts.